VUNANI LIMITED - Results of General Meeting

Results of General Meeting

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani” or “the Company”)

RESULTS OF GENERAL MEETING 

Shareholders are referred to the announcements released on SENS on
12 March 2015 and 26 March 2015 (“SENS Announcements”) relating to
the acquisition by Mandlalux Proprietary Limited (“the Purchaser”),
a subsidiary of Vunani, of 100% of the shares of Fairheads
International Holdings (SA) Proprietary Limited (“Fairheads”) for a
total   purchase   consideration   of   R210   million   (“Purchase
Consideration”) (“the Transaction”).

Shareholders   are  advised   that  at   the   general  meeting of
shareholders of the company held today Thursday, 30 April, all the
proposed ordinary resolutions, as set out in the notice of general
meeting contained in the circular which was posted to shareholders
on 26 March 2015, were passed by the requisite majority of
shareholders present and voting, in person or by proxy.

Details of the results of voting at the general meeting are as
follows:
- Total number of issued ordinary shares: 114 664 648
- Total number of issued ordinary shares net of treasury shares
(“Total Votable Ordinary Shares”): 109300 235
-   Total   number   of   issued   ordinary    shares which  were
present/represented at the general meeting: 78 275 700 being 72 %
of the Total Votable Ordinary Shares.

Ordinary Resolutions
Ordinary resolution 1: Approval of the acquisition of Fairheads
International
For (1)           Against (1)     Abstentions (2)  Shares voted (3)
78 275 700 being           -                -      78 275 700 being
100%                                               68%

Ordinary resolution 2: Ratification of the appointment of Mr SN
Mthethwa as an independent non-executive director.
For (1)           Against (1)        Abstentions (2) Shares voted (3)
78 275 700 being           -                   -     78 275 700 being
100%                                                 68%

Ordinary resolution 3: Directors authority
For (1)           Against (1)        Abstentions (2)   Shares voted (3)
78 275 700 being           -                   -       78 275 700 being
100%                                                   68%


Notes:
(1) The votes carried for and against each individual resolution
are disclosed as a percentage in relation to the total number of
ordinary shares voted (whether in person or by proxy) in respect of
such individual resolution at the general meeting.
(2)The total number of ordinary shares abstained in respect of each
individual resolution (whether in person or by proxy) is disclosed
as a percentage in relation to the Total Votable Ordinary Shares.
(3) The total number of ordinary shares voted (whether in person or
by proxy) at the general meeting in respect of each individual
resolution is disclosed as a percentage in relation to the Total
Votable Ordinary Shares.

Sandton
30 April 2015

Corporate Adviser
Vunani Corporate Finance

Designated Adviser
Grindrod Bank Limited

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